Average price up in Oakville

Though residential home sales slowed slightly in Oakville, prices were up in most areas of the region during the month of September.

In Oakville, the average sale price rose from $677,583 in September 2013 to $814,870 this year. According to stats released by the Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales decreased by 7.6 per cent in September compared to the same period in 2013. Monthly property sales totaled 623 compared to 674 in September 2013. The number of new property listings increased by 0.9 per cent, from 1,327 in September 2013 to 1,339 in 2014.

The dollar volume of all property sales processed through the OMDREB MLS system increased in September 2014 to $342,633,326 from $331,942,335 in September 2013 – an increase of 3.2 percent.